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Instrument: USDJPY
Bullish Preference:
A Buy position is envisaged if the price trades above 149.194 with take profit at 149.394
Bearish Preference:
A Sell position is envisaged if the price trades below 148.969 with take profit at 148.842.
Fundamentals:
No High Impact
Comment:
The dollar rose to a 10-month high against its major peers on Wednesday, toppling the euro and sterling to 6-month lows and pushing the yen deeper into intervention territory, as the prospect of higher-for-longer U.S. rates gripped markets. U.S. Treasuries stabilised after a heavy selloff in recent days, though yields remained elevated and kept the greenback solidly bid.
Analysis: SCRUM Team
